All Forum Posts by: Gustavo Cuero

How would I pull comps on a property listed as commercial but used as a residence? The property is 4.9 acres and the residence is 899 sq ft.

I know of a residential apartment construction project that was abandoned and never finished. It’s just sitting there with a fence around it, the grass growing and the buildings not finished. And I’d like to know if it would be a good idea to wholesale it. My questions are: Would an unfinished construction project be a good investment? How do you figure out comps? Thanks.

@Kuba F.

I get it, find 3-5 properties and add the price they are being sold for and get the average. That number will the highest dollar amount your deal will sell for. Then multiply by 70% and that number will be the most any investor will purchase that property for.

On your blog post "how to find comps and calculate ARV" you talk about assigning a dollar amount to every feature. My question is how do you find figures for every feature, is there a formula for that. 

I understand ARV but when it come to figuring how much is a house on the market for is using the tax appraisal website better than apps like Homesnap or Redfin? I pulled up the actual house I live in an all three sources gave me a different market values and idk which is accurate.